Civic Intelligence

Waterloo Joint Apprenticeship Training Trust

990 • Fiscal year 2023 • EIN 46-2897706

Jun 01, 2022 to May 31, 2023 • Filed on Dec 19, 2023

Organization ProfileWWW.WATERLOOELECTRICALJATC.ORG
1695 Burton AveWaterloo, IA 50703

(319) 232-5374

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Higher debt load relative to revenue than 62% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

86th percentile

$22,429

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

73rd percentile

31%

Faster revenue growth than 73% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$385,865

Up $66,244 (+21%) from 2022

Net Assets

Up

$384,985

Up $65,786 (+21%) from 2022

Liabilities

Up

$880

Up $458 (+109%) from 2022

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin77th percentile

Revenue

Up

$285,588

Up $67,961 (+31%) from 2022

Expenses

Up

$216,510

Up $25,752 (+13%) from 2022

Net Income

Up

$69,078

Up $42,209 (+157%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $185,483Liabilities 2014: $0Net Assets 2014: $185,4832014Assets 2015: $226,119Liabilities 2015: $724Net Assets 2015: $225,3952015Assets 2016: $249,900Liabilities 2016: $685Net Assets 2016: $249,2152016Assets 2017: $299,125Liabilities 2017: $674Net Assets 2017: $298,4512017Assets 2018: $292,545Liabilities 2018: $1,223Net Assets 2018: $291,3222018Assets 2019: $311,971Liabilities 2019: $1,311Net Assets 2019: $310,6602019Assets 2020: $272,690Liabilities 2020: $1,380Net Assets 2020: $271,3102020Assets 2021: $301,897Liabilities 2021: $1,065Net Assets 2021: $300,8322021Assets 2022: $319,621Liabilities 2022: $422Net Assets 2022: $319,1992022Assets 2023: $385,865Liabilities 2023: $880Net Assets 2023: $384,9852023Assets 2024: $460,969Liabilities 2024: $1,890Net Assets 2024: $459,0792024Assets 2025: $448,223Liabilities 2025: $1,335Net Assets 2025: $446,8882025

Highlighted filing

2023

Assets$385,865
Liabilities$880
Net Assets$384,985
Open 2023 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $188,785Expenses 2014: $3,302Net Income 2014: $185,4832014Revenue 2015: $141,551Expenses 2015: $101,639Net Income 2015: $39,9122015Revenue 2016: $126,741Expenses 2016: $102,921Net Income 2016: $23,8202016Revenue 2017: $167,363Expenses 2017: $118,127Net Income 2017: $49,2362017Revenue 2018: $128,291Expenses 2018: $135,420Net Income 2018: -$7,1292018Revenue 2019: $143,385Expenses 2019: $124,047Net Income 2019: $19,3382019Revenue 2020: $166,793Expenses 2020: $206,143Net Income 2020: -$39,3502020Revenue 2021: $207,155Expenses 2021: $202,664Net Income 2021: $4,4912021Revenue 2022: $217,627Expenses 2022: $190,758Net Income 2022: $26,8692022Revenue 2023: $285,588Expenses 2023: $216,510Net Income 2023: $69,0782023Revenue 2024: $299,592Expenses 2024: $241,596Net Income 2024: $57,9962024Revenue 2025: $275,970Expenses 2025: $293,990Net Income 2025: -$18,0202025

Highlighted filing

2023

Revenue$285,588
Expenses$216,510
Net Income$69,078
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Dec 19, 2023
Return Version
2022v5.0
Gross Receipts
$285,588
Mission and Program Overview

Mission

To administer the apprenticeship and training programs for the electrical contracting industry in the waterloo area of iowa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$265,513$287,905▲ $22,392
Cash and Non-Interest-Bearing Accounts$52,535$93,669▲ $41,134
Land, Buildings, and Equipment, Net$1,573$4,291▲ $2,718
Total Assets$319,621$385,865▲ $66,244
Liabilities
Other Liabilities$422$880▲ $458
Total Liabilities$422$880▲ $458
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$319,199$384,985▲ $65,786
Total Net Assets Fund Balance$319,199$384,985▲ $65,786
Total Liabilities and Net Assets / Fund Balance$319,621$385,865▲ $66,244

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,291$2,122$6,413
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina HenzenTraining DirectorPT$21,635$794$22,429

Board Members and Trustees

NameTitle
Chris WellsPresident
Charles KacherTrustee
Chris ReiterTrustee
Ed FollmuthTrustee
Ivan KozlovskyiTrustee
Joe DetermanTrustee
Steve NorthnessTrustee
Tom AdamsonTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$11,592
Program Service Revenue
$268,312
Investment Income
$5,684
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$69,078

Audited Revenue Reconciliation

Revenue per Audited Statements
$285,588
Revenue Not Reported on Form 990
$-3,292
Total Revenue per Audited Statements
$282,296
Total Revenue per Form 990
$285,588
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$184,426
Salaries, Compensation, and Employee Benefits$32,084
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$13,974$13,974-$27,948
Fees for Services Accounting-$11,175-$11,175
Information Technology-$8,642-$8,642
Occupancy-$5,295-$5,295
Insurance-$4,295-$4,295
Office Expenses-$2,890-$2,890
Other Expenses$2,403--$2,403
Payroll Taxes$1,126$1,126-$2,252
Other Salaries and Wages$1,884--$1,884
Conferences and Meetings-$1,851-$1,851
Depreciation Depletion-$919-$919
Fees for Service Investment Mgmnt Fees-$500-$500
Fees for Services Legal-$240-$240
All Other Expenses$128--$128
Total Functional Expenses$165,603$50,907$0$216,510

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$216,510
Total Expenses per Audited Statements$216,510
Total Expenses per Form 990$216,510
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$880
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 will be reviewed by the training director prior to filing. The board will review the form 990 once it has been finalized and filed.”

Form 990, Page 6, Part VI, Line 15A

“Compensation for the training director is determined by the board. This information is documented in the minutes of the fund.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to fund participants at the fund office. Otherwise, no documents are available to the public.”

Filing and Contact Details

Filer

Filer Name
Waterloo Joint Apprenticeship
EIN
46-2897706
Phone
3192325374
Address
1695 BURTON AVE, WATERLOO, IA 50703

Signing Officer

Name
Chris Wells
Title
President
Phone
3192325374
Signed
2023-12-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Wells
Formed
2014
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
2

Preparer

Firm
Deboer & Associates Pc
Address
17330 WRIGHT ST STE 100, OMAHA, NE 68130-2157
Preparer
Eryn Stevens
Phone
4023335200
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The fund has adopted guidance on accounting for uncertainty in income taxes issued by the financial accounting standards board. Management of the fund believes that the fund has taken no uncertain tax positions that require adjustment to the financial statements in order to comply with the provisions of this guidance.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0216510
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE JATC PUBLICIZES ITS RACIAL NONDISCRIMINATION POLICY ONLINE VIA ITS WEBSITE AS PRESCRIBED BY REV PROC 2019-22.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WILL BE REVIEWED BY THE TRAINING DIRECTOR PRIOR TO FILING. THE BOARD WILL REVIEW THE FORM 990 ONCE IT HAS BEEN FINALIZED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION FOR THE TRAINING DIRECTOR IS DETERMINED BY THE BOARD. THIS INFORMATION IS DOCUMENTED IN THE MINUTES OF THE FUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE AVAILABLE TO FUND PARTICIPANTS AT THE FUND OFFICE. OTHERWISE, NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0IBEW LOCAL 288
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0420328996
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01695 BURTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERLOO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd050703
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0319621
IRS990/TotalAssetsEOYAmt0385865
IRS990/TotalAssetsGrp/BOYAmt0319621
IRS990/TotalAssetsGrp/EOYAmt0385865
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011592
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050907
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0165603
IRS990/TotalFunctionalExpensesGrp/TotalAmt0216510
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0422
IRS990/TotalLiabilitiesEOYAmt0880
IRS990/TotalLiabilitiesGrp/BOYAmt0422
IRS990/TotalLiabilitiesGrp/EOYAmt0880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0319199
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0384985
IRS990/TotalOtherCompensationAmt0794
IRS990/TotalProgramServiceExpensesAmt0165603
IRS990/TotalProgramServiceRevenueAmt0268312
IRS990/TotalReportableCompFromOrgAmt021635
IRS990/TotalRevenueGrp/ExclusionAmt05684
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0268312
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0285588
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0319621
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0385865
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WATERLOOELECTRICALJATC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHRIS WELLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03192325374
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERLOO JOINT APPRENTICESHIP
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0TRAINING TRUST
ReturnHeader/Filer/BusinessNameControlTxt0WATE
ReturnHeader/Filer/EIN0462897706
ReturnHeader/Filer/PhoneNum03192325374
ReturnHeader/Filer/USAddress/AddressLine1Txt01695 BURTON AVE
ReturnHeader/Filer/USAddress/CityNm0WATERLOO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050703
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470836395
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DEBOER & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017330 WRIGHT ST STE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OMAHA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0681302157
ReturnHeader/PreparerPersonGrp/PhoneNum04023335200
ReturnHeader/PreparerPersonGrp/PreparationDt02023-12-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERYN STEVENS
ReturnHeader/ReturnTs02024-01-09T10:48:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHRIS
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WELLS
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$385,865
Liabilities
$880
Net assets
$384,985
Revenue
$285,588
Expenses
$216,510
Net income
$69,078
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.48$0.01$4.47$2.76$2.94$0.18
2024Detailed filing. Detailed filing data is available for this year.$4.61$0.02$4.59$3.00$2.42$0.58
2023Detailed filing. Detailed filing data is available for this year.$3.86$0.01$3.85$2.86$2.17$0.69
2022Detailed filing. Detailed filing data is available for this year.$3.20$0.00$3.19$2.18$1.91$0.27
2021Detailed filing. Detailed filing data is available for this year.$3.02$0.01$3.01$2.07$2.03$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.73$0.01$2.71$1.67$2.06$0.39
2019Detailed filing. Detailed filing data is available for this year.$3.12$0.01$3.11$1.43$1.24$0.19
2018Detailed filing. Detailed filing data is available for this year.$2.93$0.01$2.91$1.28$1.35$0.07
2017Detailed filing. Detailed filing data is available for this year.$2.99$0.01$2.98$1.67$1.18$0.49
2016Detailed filing. Detailed filing data is available for this year.$2.50$0.01$2.49$1.27$1.03$0.24
2015Detailed filing. Detailed filing data is available for this year.$2.26$0.01$2.25$1.42$1.02$0.40
2014Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$1.89$0.03$1.85